Martin Midstream Partners LP on Oct. 22 said its founder, Ruben Martin, has decided to retire as president and CEO but will remain actively involved with the company following his retirement.
The Kilgore, Texas-based company’s CFO, Robert (“Bob”) D. Bondurant, has been appointed as Martin’s successor and will become Martin Midstream president and CEO effective Jan. 1.
Martin Midstream Partners was formed in 2002 by Martin Resource Management Corp. (MRMC), a privately held company that was founded by R.S. Martin, Martin’s father. He has served as president, CEO and a member of the board of directors of Martin Midstream’s general partner since that time.
Martin will retire as president and CEO of Martin Midstream on Dec. 31, but remain as chairman of the board of the company’s general partner and will continue to be actively involved in its business development, according to the company release. He will also continue as president of MRMC, a position he has held since 1981.
His successor, Bondurant, joined MRMC in 1983 and subsequently was appointed executive vice president and CFO of Martin Midstream in June 2002. He became a board member in 2014.
Additionally, Sharon Taylor has been appointed as vice president and CFO effective Jan. 1, 2021. She joined Martin Midstream in 2005 and most recently served as its director of finance and head of investor relations.
Martin Midstream has a diverse set of operations focused primarily in the U.S. Gulf Coast region.
Here’s a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.
New Century Operating LLC retained EnergyNet for the sale of an Eagle Ford / Austin Chalk opportunity. The offering includes certain oil and gas properties and related assets located in Burleson and Lee counties, Texas.
Behold! Like the ancients scanning the sky for portents, large bodies are colliding in the observable M&A-verse of upstream oil and gas.